Set Description:
Burma was separated from the Indian Empire in 1935 when the Government of India Act came into force. However, the financial affairs of Burma continued to be managed by the India Government. This gave rise to a situation wherein the Central Monetary Authority of India issued notes for Burma. This is the only instance where one country issued notes that were current in another during a civilian rule. It is unique in the History of Paper Money. An initial overprinted issued was followed by a special series of 'Burma notes' of the Reserve Bank of India in 1937, also known as 'Peacock Notes'. The subsequent Japanese occupation and liberation of Burma during World War II saw the country placed under a Military Administration that gradually gave way to civilian rule in 1946. Both the Military Administration and the Currency Board constituted under civilian Government used overprinted Indian notes for circulation in Burma. The Reserve Bank of India closed its operations in Burma in September 1946. All Government of India and Reserve Bank of India issues for Burma were withdrawn on 1st June 1950.
{The contents of the above information was Copied from India Paper Money-2012 with the permission of its Author Sir Mr.Rezwan Razack.}
|